What drove the pre-market move in DEG.AX stock today?

The pre-market decline to A$2.46 on heavy volume reflects event-driven trading and recent earnings prints. Large volume (137,596,438.00) and mixed EPS headlines prompted short-term profit taking ahead of further drill results.

What is Meyka AI's short-term forecast for DEG.AX stock?

Meyka AI's forecast model projects a 12-month price of A$2.79 for DEG.AX stock, implying a projected upside of +13.32% from the current A$2.46. Forecasts are model-based projections and not guarantees.

Which technical levels should traders monitor for DEG.AX stock?

Traders should watch immediate support at the 50-day average A$2.25 and resistance near the 52-week high A$2.77. High intraday volume and relVolume 8.69 increase execution risk.

How does De Grey Mining’s balance sheet affect DEG.AX stock risk?

De Grey shows cash per share A$0.32 and a strong current ratio, which lowers near-term funding risk. The stock remains sensitive to exploration outcomes and capex needs, so equity dilution risk exists if capital is required.

AU Stocks

DEG.AX stock down 8.21% pre-market at A$2.46: heavy volume points to shifting Mallina outlook

ByDanny Kontos January 8, 2026January 8, 2026

Pre-market trade shows DEG.AX stock at A$2.46, down 8.21% on heavy activity ahead of regular hours. The ASX-listed De Grey Mining Limited (DEG.AX) is moving with 137,596,438.00 shares traded so far, a relative volume of 8.69, signaling outsized interest versus the 50-day average. This article breaks down price action, recent earnings (EPS A$0.00 for the trailing figure and EPS of A$0.0015 reported 2025-02-11), key ratios, Meyka AI grade and model forecasts, and practical trade levels for Australia’s gold explorer.